NEW YORK—The Federal Reserve Bank of New York approved the application by Morgan Stanley, New York, New York, to retain 9.2 percent of and acquire up to 9.9 percent of the common stock of Community Bankers Trust Corporation, Glen Allen, Virginia, and thereby indirectly retain and acquire its subsidiary depository institution, Bank of Essex, Tappahannock, Virginia pursuant to Section 3(a)(3) of the Bank Holding Company Act of 1956, as amended, and Section 225.14 of Regulation Y.
The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.
